Which of the Following Is an Example of Current Asset

question 54

Multiple Choice

Which of the following is an example of current asset?

• A) Motor vehicles
• B) Furniture
• C) Inventory
• D) Office equipment

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Definitions:

State Licensing Fee

A mandatory charge paid to a state government for the issuance of a license to conduct a particular business or profession within that state's jurisdiction.

Marginal Cost

The escalation in aggregate cost stemming from the production of one more unit of a good or service.

Business Tax

Taxes imposed on the income or profit of businesses, varies by country and the type of business.

Demand Curve

A graphical representation of the quantity of a good or service demanded by consumers at various prices, typically downward sloping indicating an inverse relationship between price and quantity demanded.